Demand for everything in China, fro...

Demand for everything in China, from mobile phone to refrigerators, has been rely uponed to explode for many years. Expectations for the Chinese market have always far outpaced reality, and manufacturers have generally leaped the gun in expanding their production capacities well before dramatically higher demand evolves The result is overcapacity and cutthroat competition. Price wars have forced several players without of the home appliance market.

Once again, protracted price wars in China's domestic appliance market have taken their toll